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116 S Reed St; Joliet, IL Property Details

116 S Reed St, Joliet, IL is a Single Family that was built in 1955. This property is currently Financed and is not for sale. Our records show that 116 S Reed St has a total of 1,082 square feet. The lot size of 116 S Reed St is 10,750 square feet.

Off market
116 S Reed St Joliet, IL 60436
$62,490 Estimated Value
1,082 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1955
  • Purchase Price: $98,000
  • Open Loans / Balance: 1 / $133,853
  • Est. Equity / %: $117,147 / 46.67%
  • Gross Yield: 8.725%
  • APN: 30-07-17-210-009
  • Situs County: Will
  • Length Of Ownership: 14 years, 9 months

Structure

  • Building Style: Masonry
  • Stories: 1
  • Exterior Wall Type: Brick

Measurements

  • Total: 1,082/SqFt
  • Lot: 10,750/SqFt
  • Gross: 1,082/SqFt
  • Garage: 576/SqFt
  • Living: 1,082/SqFt
  • Basement: 1,082/SqFt
  • Building: 1,082/SqFt
  • Garage Unfinished: 528/SqFt
  • Price Per Square Foot: $90.57

Legal Description

  • Description: LOT 251 LOT 252 (EX THE S 5 FT OF SD LOT 252) IN BRANKIN TERRACE OF THE W1/2 OF THE NE1/4 SEC 17, T35N-R10E. PER DOC #101796
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Joliet Township High School District 204
  • Lat / Lon: 41.52048 / -88.10858
  • Subdivision: Brankin Terrace
  • Property Class: Residential
  • County Use Code: R

Amenities

  • Plus Four: 1451
  • Cooling: Central
  • Garage: Garage
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

116 S Reed St has no associated ownership info
116 S Reed St has no associated ownership info.

Taxes

116 S Reed St has 10 associated Taxes items

116 S Reed St, Joliet, IL pays taxes in Will County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $62,490. The APN we've located for 116 S Reed St is 30-07-17-210-009.

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Taxes
  • Assessed Value:  $62,490
  • Assessed Year:  2025
  • Assessed County:  Will
  • APN:  30-07-17-210-009
  • Assessed Land Value:  20622
  • Market Land Value:  61866
  • Tax Amount:  4375.94
  • Tax Year:  2025
  • Market Value:  187470
  • Market Year:  2025

Tax History

116 S Reed St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $62,490 Land Value $20,622 Improvement Value $41,868 Tax Amount $4,375.94 Change Rate Assessed CR Tax Rate +0.070026%
Year 2024 Assessed Value $57,173 Land Value $18,867 Improvement Value $38,306 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value $50,798 Land Value $16,763 Improvement Value $34,035 Tax Amount $3,817.88 Change Rate +0.034818% Assessed CR Tax Rate +0.075158%
Year 2022 Assessed Value $45,950 Land Value $15,163 Improvement Value $30,787 Tax Amount $3,689.42 Change Rate +0.063436% Assessed CR Tax Rate +0.080292%
Year 2021 Assessed Value $42,916 Land Value $14,162 Improvement Value $28,754 Tax Amount $3,469.34 Change Rate +0.063158% Assessed CR Tax Rate +0.08084%
Year 2020 Assessed Value $40,756 Land Value $13,449 Improvement Value $27,307 Tax Amount $3,263.24 Change Rate +0.065304% Assessed CR Tax Rate +0.080068%
Year 2019 Assessed Value $37,877 Land Value $12,499 Improvement Value $25,378 Tax Amount $3,063.2 Change Rate +0.098189% Assessed CR Tax Rate +0.080872%
Year 2018 Assessed Value $33,993 Land Value $11,220 Improvement Value $22,773 Tax Amount $2,789.32 Change Rate +0.084208% Assessed CR Tax Rate +0.082056%
Year 2017 Assessed Value $30,906 Land Value $10,201 Improvement Value $20,705 Tax Amount $2,572.68 Change Rate +0.104999% Assessed CR Tax Rate +0.083242%
Year 2016 Assessed Value $27,662 Land Value $9,372 Improvement Value $18,290 Tax Amount $2,328.22 Change Rate Assessed CR Tax Rate +0.084167%
Year 2015 Assessed Value $25,200 Land Value $8,850 Improvement Value $16,350 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $25,050 Land Value $8,800 Improvement Value $16,250 Tax Amount Change Rate Assessed CR Tax Rate
Year 2013 Assessed Value $29,082 Land Value $9,776 Improvement Value $19,306 Tax Amount $2,404.62 Change Rate Assessed CR Tax Rate +0.082684%